John Park has joined Echo Health Ventures as a managing director, joining from Alegeus where he was chief strategy officer.

Eric Xu, former managing director at SIG Asia Investment, has joined GGV Capital.

Victor Pascucci III has departed from his partner position at Munich Re's corporate venturing division to head up venture firm Lightbank as managing partner.

BASF hired Markus Solibieda, formerly a partner at private equity firm Mandarin Capital Partners, as managing director at BASF Venture Capital in November, initially to work alongside Nachtigal.

IQT, which is one of the world's most active strategic investors with more than 40 new deals last year, confirmed her appointment but declined to comment.

Pascale Diaine, lead manager for Orange's accelerator since it launched in 2012, has departed for venture capital firm Storm Ventures where she will take on a principal role.

Baidu has hired Liu Wei from another corporate venturing unit, Legend Star, to run its $3bn corporate venture capital arm as chief executive officer.

Michael Anstey, formerly a principal at Boston Consulting Group, has joined university venturing fund Cambridge Innovation Capital to focus on the healthcare sector.